Cibc World Market Inc. Purchases 19,460 Shares of Seritage Growth Properties (NYSE:SRG)

Cibc World Market Inc. lifted its position in shares of Seritage Growth Properties (NYSE:SRGGet Rating) by 45.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,175 shares of the financial services provider’s stock after acquiring an additional 19,460 shares during the period. Cibc World Market Inc.’s holdings in Seritage Growth Properties were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank purchased a new stake in Seritage Growth Properties in the first quarter worth approximately $57,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Seritage Growth Properties in the second quarter worth approximately $61,000. SG Americas Securities LLC boosted its holdings in Seritage Growth Properties by 81.2% in the second quarter. SG Americas Securities LLC now owns 28,834 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 12,921 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Seritage Growth Properties in the second quarter worth approximately $166,000. Finally, MetLife Investment Management LLC boosted its holdings in Seritage Growth Properties by 162.8% in the first quarter. MetLife Investment Management LLC now owns 20,110 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 12,459 shares during the last quarter. Institutional investors own 67.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Seritage Growth Properties to a “sell” rating in a report on Friday, November 11th.

Insider Transactions at Seritage Growth Properties

In other news, major shareholder Edward S. Lampert sold 65,917 shares of Seritage Growth Properties stock in a transaction on Friday, September 16th. The shares were sold at an average price of $11.82, for a total transaction of $779,138.94. Following the transaction, the insider now owns 16,241,397 shares in the company, valued at approximately $191,973,312.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Edward S. Lampert sold 65,917 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $11.82, for a total transaction of $779,138.94. Following the sale, the insider now directly owns 16,241,397 shares in the company, valued at approximately $191,973,312.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Edward S. Lampert sold 32,948 shares of the firm’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $9.72, for a total transaction of $320,254.56. Following the sale, the insider now owns 16,208,449 shares in the company, valued at $157,546,124.28. The disclosure for this sale can be found here. Insiders have sold 234,264 shares of company stock worth $2,558,873 in the last 90 days. 10.10% of the stock is currently owned by insiders.

Seritage Growth Properties Trading Up 3.0 %

Shares of Seritage Growth Properties stock opened at $11.78 on Thursday. The company’s fifty day simple moving average is $10.40 and its 200-day simple moving average is $10.02. The stock has a market capitalization of $513.98 million, a PE ratio of -5.31 and a beta of 2.80. Seritage Growth Properties has a 1-year low of $4.90 and a 1-year high of $15.51. The company has a debt-to-equity ratio of 2.01, a current ratio of 4.66 and a quick ratio of 4.66.

About Seritage Growth Properties

(Get Rating)

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 states and Puerto Rico. The Company was formed to unlock the underlying real estate value of a high-quality retail portfolio it acquired from Sears Holdings in July 2015.

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Institutional Ownership by Quarter for Seritage Growth Properties (NYSE:SRG)

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